Which of the Following Is Not Correct

question 45

Multiple Choice

Which of the following is not correct?

• A)Some states in the U.S.mandate minimum wages above the federal level.
• B)Most European nations have minimum-wage laws.
• C)The U.S.minimum wage is significantly higher than the minimum wages in France and the United Kingdom.
• D)The U.S.Congress first instituted a minimum wage with the Fair Labor Standards Act.

Recognize how retailers use information and communication strategies to engage customers.

Knowledge of financial metrics and indicators used in retail to measure performance and growth.

Understand the retail life cycle and the wheel of retailing and how retail outlets evolve over time.

Describe the different stages of the retail life cycle and characteristics associated with each stage.

---

Definitions:

Social Media

Online media where users submit comments, photos, and videos—often accompanied by a feedback process to identify “popular” topics.

Usual Focus Groups

Typical gatherings of people who are interviewed about their opinions towards a product, service, concept, or idea.

Representative Group

A collection of individuals selected to reflect the characteristics of a larger population.

Jury Of Executive Opinion

A forecasting method where a group of senior management executives provide inputs and estimates to predict future trends or outcomes.